Consider a PPF with Consumption Goods on the Horizontal Axis

question 218

Multiple Choice

Consider a PPF with consumption goods on the horizontal axis and capital goods on the vertical axis.If the country operates on its PPF near its ________ axis,this country ________.

• A)vertical;is operating at an inefficient point
• B)horizontal;will have a larger chance at economic growth
• C)vertical;will not face opportunity costs
• D)vertical;will experience greater economic growth
• E)horizontal;faces larger tradeoffs

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Definitions:

Direct Method

A method of allocating service department costs directly to production departments without any intermediate allocation steps.

Personnel Department

is the department within an organization responsible for hiring, training, and managing employees, as well as dealing with personnel-related issues.

Number Of Employees

The total number of individuals working for a company, including full-time, part-time, and temporary staff.

Direct Method

A method of allocating service departments' costs directly to production departments without intermediate allocations.